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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject5/11/2001 11:06:00 AM
From: besttrader   of 37746
 
11:00 ET Dow -104, Nasdaq -10, S&P -7.91: [BRIEFING.COM] Still lower across the board as the markets are working on whether good economic data is good or bad for the markets. The fed funds futures market is now placing the probability of a 50 basis point easing next week at just above 50% with a 25 basis point cut still seen as a 100% probability. Uncertainty surrounding the size of the rate cut is generating sell pressure on equties. The Dow is taking the worst of it with the blue-chip index being weighed on by IBM (-2.5%) which received a downgrade this morning from Bear Stearns. DJTA -0.3%... DJUA +0.1%... SOX +1.4%... XOI -0.9%... BTK +0.2%... Nasdaq 100 +0.6%... S&P Midcap 400 -0.3%... Russell 2000 -0.3%... NYSE Adv/Dec 1139/1520... Nasdaq Adv/Dec 1356/1776.
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